Published On: Wed, Jun 26th, 2019

Minority companies in the USA.

Minority companies in the US have a differentiated and highly motivating treatment.

The scope is to get people in this ranking to grow their businesses, to successfully integrate them into the capitalist system, and to bring increasing well-being to their families.

The great importance of these programs, apart from the social meaning of these rules, is that they increasingly invest, create jobs, generate more taxes and depend less on state favors.

Annually, national minority entrepreneurs are selected to receive national recognition for their achievements in the following areas of activity:

 

  • Minority Construction Firm of the Year
  • Minority Export Firm of the Year
  • Minority Manufacturing Firm of the Year
  • Minority Health Products And Services Firm of the Year
  • Minority Innovative Technology Firm of the Year
  • Minority Marketing and Communication Firm of the Year
  • Minority Professional Services Firm of the Year
  • Minority Veteran-owned Firm of the Year
  • Robert J. Brown Minority Enterprise of the Year

 

As a consequence of these awards, they have:

 

  • Access to Capital Award
  • Advocate of the Year Award
  • Distinguished Supplier Diversity Award

The award event takes place in Washington D.C.  in a week called: National Minority Enterprise Development Week that will take place between September 9 and 19, 2019. How do you define these companies to get this award?  Do they categorize these companies?

 

MINORITY-OWNED FIRMS

  • Minority Construction Firm of the Year
    Presented to a minority-owned firm that has achieved outstanding success in private or public sector construction projects and has exhibited revenue and job growth over a sustained period of time.
  • Minority Export Firm of the Year
    Presented to the minority-owned firm that has achieved outstanding success in penetrating domestic and global markets.
  • Minority Manufacturing Firm of the Year
    Presented to a minority-owned firm that has achieved significant success in employing new and innovative techniques that led to a significant increase in market share, job growth and customer satisfaction.
  • Minority Health Products and Services Firm of the Year
    Presented to a minority-owned firm that has improved the quality and delivery of healthcare through innovation.
  • Minority Innovative Technology Firm of the Year
    Presented to a minority-owned firm that has achieved outstanding success in promoting the use of technology in new and innovative ways, leading to greater efficiency and higher productivity.
  • Minority Marketing and Communication Firm of the Year
    Presented to a minority-owned firm who has achieved notable success in the marketing and communication industry by demonstrating creativity and impact.
  • Minority Professional Services Firm of the Year
    Presented to a minority owned firmed that has achieved outstanding success in professional, scientific and/or technical services.
  • Minority Veteran-owned Firm of the Year
    Presented to a veteran-owned minority business enterprise that has success in their industry that has led to a significant increase in job growth and customer satisfaction.
  • Robert J. Brown Minority Enterprise of the Year
    This award is in honor of Robert J. Brown and the pivotal role he played in transforming society’s views of minority entrepreneurship and creating the Office of Minority Business Enterprise in 1969, known today as the Minority Business Development Agency. It is presented to a minority business enterprise that has exceeded industry standards and achieved phenomenal business success leading to significant growth and job creation, while showing a commitment to social responsibility and strong community involvement.

 

Which companies represent a minority as far as the law is concerned?

Minority companies must be at least 51% operated and controlled by minorities. For purposes of the NMSDC program, a member of a minority group is an individual who is at least 25% Asian, Black, Hispanic or Native American.

 

In Florida alone, between 170,445 and 212,000 companies registered to enjoy the benefits of being minority-owned businesses.

 

Benefits for Minority Businesses:

 

  1. Have a sense of community.
  2. Landing contracts that previously seemed unlikely.
  3. Opening up marketing opportunities.
  4. Obtaining access to government contracts.

 

Access and eligibility for government contracts is a huge benefit of certification. Most government entities at the federal, state, and local levels require that at least part of the business be targeted at women and minorities. You must still be qualified, of course, but this certification is a great advantage.

 

  1. Opening more opportunities.
  2. Putting your business in front of large corporations.
  3. Moving away from other companies.

As it turns out, Brazilians, for lack of knowledge or pride, did not qualify or sought this advantage.

It pays off to register and seek to become a minority business for all the benefits.

Brazilians will be at this opportunity

About the Author

- My name is Carlo Barbieri, an entrepreneur, civic activist and a leader of many organizations associated with Brazil. A native of Brazil myself, I am currently the CEO of Oxford Group, a firm composed of many international consulting and trading companies. I am also a founding member of the Brazilian Business Group and founding member and Past President of the Brazil Club. In addition, I serve as a Board member of the Deerfield Chamber of Commerce. I have served as a member of the Florida Chamber of Commerce and the Florida Brazil Partnership. Past President of the Rotary Club – Boca Raton West for the 2014-2015 term, I have also been Vice President and Professor of 2Grow – Human Development. An Ambassador of Barry University in Brazil, I am the former President of the Black Fire Bull Steak House. I have also presided over a number of organizations such as the Brazilian Association of Trading Companies (ABECE), Brazil-China Chamber of Commerce in São Paulo, Brazil-Australia Chamber of Commerce, Brazil-Dominican Republican Chamber of Commerce; director of the Trade Center of the State of São Paulo, Brazilian Association of Freight Forwarders and Brazilian Association of Banks. I was also a local Council member for the Consulate General of Brazil in Miami, for the 2013-2017 term.

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